Society The first two chapters examine the role of entrepreneurship in developing an economy. The first chapter introduces the subject and presents a typology of entrepreneurs. It also sets out the difference between small business and entrepreneurship; the former is more administrative, the latter is a creative activity. After distinguishing between these terms, the second chapter looks at the contribution entrepreneurship makes to the nation and to creating a standard of living. It notes the role of the discipline in terms of its historic contribution to national growth and wealth, and to its part in continuing to make a contribution to employment and prosperity.